News

Industry News – September 8th, 2016

TEEN APPAREL RETAILER EXITS BANKRUPTCY; GETS NEW OWNER – ChainStoreAge
“Pacific Sunwear of California Inc. has emerged from Chapter 11 bankruptcy intact but with a new owner. The chain’s reorganization plan was approved by the U.S. Bankruptcy Court of Delaware on Sept. 6. Under the plan, the chain gives all its stock to affiliates of private equity firm Golden Gate Capital, its senior lender.”

HOW PHILLIP LIM CREATED A $100 MILLION FASHION EMPIRE – Bloomberg
“Their goal when starting 3.1 Phillip Lim was to make designer clothing that didn’t cost a fortune, and they’ve been able to achieve that thanks to Zhou’s deep contacts with Chinese manufacturers who can execute Lim’s designs at a reasonable cost. “Everyone thinks we’re this big machine, but the truth is I wasn’t even sure if I wanted to have a company,” he says. “I’m not into being this shrewd business person.”

TED BAKER LAUNCHES SHOPPABLE GUY RITCHIE FILM AND GOOGLE RETAIL PARTNERSHIP – Forbes
“British fashion brand Ted Baker has launched a new campaign anchored by a shoppable film, cryptic social experience and physical retail tie-in with Google’s voice search. Penny Loafer, Jack Quard and Manny Quin are just some of the characters that appear in a new Ted Baker film launching today, produced by Guy Ritchie.”

TOMMY BAHAMA ANNOUNCES NFL PARTNERSHIP FOR THE 2016 SEASON – PRNewswire
“Tommy Bahama and the National Football League have teamed up for the fourth year on an officially licensed collection of premium sportswear for the 2016 season and other exciting new initiatives to celebrate football this Fall. The co-branded collection offers a distinctive series of Tommy Bahama apparel for men and women custom designed solely for the NFL.”

KOHL’S RAMPS UP E-COMMERCE & HIRING WITH NEW DISTRIBUTION CENTER – FootwearNews
“Kohl’s Corp. has closed on the purchase of a building for a new e-commerce distribution center, the company announced today. Expected to open in summer 2017, Kohl’s said the 937,000-sq.-ft. facility in Plainfield, Ind., will improve its ability to fulfill orders on its e-commerce site, Kohls.com. The facility will also bring 900 jobs — 300 full- and 600 part-time positions over a three-year period — to the Indianapolis area.”